Thursday, July 05, 2012

News Links, July 6, 2012

"China, the euro zone and Britain loosened monetary policy in the space of less than an hour on Thursday, signaling a growing level of alarm about the world economy, although suggestions of coordinated action were played down."

"The European Central Bank is widely expected to cut borrowing costs to a record low on Thursday to support a deteriorating euro zoneeconomy and complement measures agreed by government leaders last week to tackle the bloc's debt crisis."

EU's Iran Sanctions Intended to Appease Israel
"The EU's oil embargo on Iran that came into effect on 1 July is likely to do as much damage to the European Union as it is to Iran and the imposition of these suicidal sanctions is more about Israel than Iran."

! System Fail !
"The incredible, ongoing breakdown of critical communications, power and water infrastructure around the nation's most vital political and national security assets – including the Capital, the Pentagon, CIA headquarters and more – resulting from the half-hour weather pummeling last Friday night, constitutes a national security emergency of the highest order."Chicago's 911 System Crashes
"Computers were down overnight at Chicago's 911 dispatch center, after the state-of-the-art system unexpectedly crashed."

## China ##Hit at home, China's ghost fleet sails high seas
"China's huge fleet of coastal ships, usually confined to plying the Chinese seaboard, has sailed out of the shadows to seek international business in yet another sign that China's economy is slowing."